The anon was probably trading with house money (i.e. borrowed) using a margin account. If that was the case, it's perfectly legal. If you're a big account they'd give you a courtesy call and opportunity to post more margin, but for small accounts they don't bother. The clause is buried under the agreement you sign when you open up a margin account.
Im just about positive you are right. Its a shame all the knee jerk reactions are getting all the upvotes. People who have never used Robinhood Gold but are 100% sure they have a conspiracy all figured out.
The anon was probably trading with house money (i.e. borrowed) using a margin account. If that was the case, it's perfectly legal. If you're a big account they'd give you a courtesy call and opportunity to post more margin, but for small accounts they don't bother. The clause is buried under the agreement you sign when you open up a margin account.
Im just about positive you are right. Its a shame all the knee jerk reactions are getting all the upvotes. People who have never used Robinhood Gold but are 100% sure they have a conspiracy all figured out.